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Wal-Mart introduces own mobile payment system

wallmart payWal-Mart Stores Inc., the world’s biggest retailer, introduces its own mobile payment system. The new system will allow customers to pay through the mobile app using credit card or debit card or even the Walmarts gift card at cash register.

It will begin testing the new system its stores in the Bentonville, Arkansas area, where the retailer is based. The supermarket giant plans to dispatch the mobile payment system in every one of the 4,500 U.S. stores in the first half of 2016. While a few stores like Starbucks or Dunkin’ Donuts permit clients to pay with gift cards, Wal-Mart says it will turn out to be the first retailer to initiate its own mobile payment system that works with an iPhone or Android gadget — and with any major  credit or debit card.

Introducing the new mobile payment system a part of company’s overall mobile strategy to making shopping less demanding and speedier and it’s the most recent element to be added to its mobile app. In any case, the move is the most recent salvo in the fight for mobile payments that is in the early stages. Retailers, money related establishments and equipment producers are all attempting to get a bit of what could be an extremely lucrative business.

Wal-Mart has moved into this field as Apple’s one-year-old tap-and-pay system is being extended to different vendors like Best Buy and KFC. This also comes a while after Google propelled the Android Pay mobile wallet application and Samsung turned out with Samsung Pay.

Twenty-two million clients utilize the Wal-Mart application every month, and more than half of Wal-Mart’s online sales are presently originating from a smart phone. This festive season, Wal-Mart included new features like permitting online customers to check in once they got to the parking area so they could have their online requests prepared for pickup.

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